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S&P up Slightly as Tech Dips
Cooling inflation raised the probability of a June Federal Reserve rate cut to 52.3%, while tech stocks declined and utilities and healthcare sectors gained.
Summary by The Express Tribune
4 Articles
4 Articles
S&P up slightly as tech dips
The S&P 500 closed barely higher on Friday, supported by cooling inflation data, but the Nasdaq ended lower as heavyweight technology and communications services shares lost ground on nagging fears of disruption by artificial intelligence. The S&P 500, the Nasdaq and the Dow all declined for the week with technology stocks on a roller-coaster ride due to uncertainty about the extent to which profits could be disrupted due to AI competition and t…
·Pakistan
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The Post and CourierReposted by 
The Straits Times
The Straits TimesS&P 500 ends up slightly as tech dips, inflation cools
NEW YORK — The S&P 500 closed barely higher Feb. 13, with technology and communications services down on nagging fears of AI-disruption but equities drew support from optimism that cooling inflation data would support Federal Reserve rate cuts.
·Charleston, United States
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Coverage Details
Total News Sources4
Leaning Left0Leaning Right1Center2Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
Factuality
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